# IIFL Finance (IIFL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/iifl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹624
- Change: +3.23%
- As of: 2026-11-06
- 1D return: +3.23%
- 5D return: +18.26%
- 1M return: +7.74%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

IIFL closed at ₹624.0 on 2026-11-06, following an extreme upward gap of +4.5% on 2026-11-05 that pushed the stock to the upper end of its 20-day range (+96.1%). The technical structure is broadly bullish across daily, weekly, and monthly timeframes, with price trading above all key moving averages (20, 50, and 200-period) and the Supertrend indicator signaling a bullish direction. However, trend conviction differs by horizon: while the monthly trend is strong (ADX 49.34), the daily trend is only developing (ADX 24.71), suggesting the recent surge may lack sustained momentum confirmation in the short term. Volatility remains elevated, with annualized volatility at +41.6% and an ATR of 4.57%, indicating significant price swings. Immediate resistance lies just above at ₹627.43 (0.55%) and ₹628.50 (0.72%), while support is found at ₹615.97 (1.29% below). The setup is confirmed if price holds above these near-term supports; it would be weakened if the stock fails to sustain levels above the recent gap area, particularly given the high intraday ranges observed in late October.

- Trend Structure: Bullish across daily, weekly, and monthly horizons with price above all major MAs and Supertrend; monthly ADX (49.34) indicates strong long-term trend, while daily ADX (24.71) shows developing short-term strength.
- Price Action: Closed at ₹624.0 after an extreme +4.5% upward gap on 2026-11-05; positioned at +96.1% of the 20-day range, nearing immediate resistance at ₹627.43–₹628.50.
- Risk & Volatility: High volatility environment with annualized volatility at +41.6% and ATR of 4.57%; current drawdown is -10.4% from available highs.
- Monitoring Levels: Support at ₹615.97 (-1.29%) and pivot at ₹599.63 (-3.90%); a break below ₹615.97 could signal a loss of short-term bullish momentum.

- Doji
- Inside Bar
- Evening Star

### News Context

IIFL Finance Limited (NSE: IIFL) has signaled potential capital expansion through a Board of Directors meeting scheduled for November 10, 2026. The company intends to consider growth plans and proposals to raise funds via permissible modes including debt issuance, rights issues, preferential issues, or qualified institutions placements. The specific mode and amount remain unascertained as of the filing on November 5, 2026. Concurrently, the company completed the allotment of 1,97,523 equity shares upon the exercise of Employee Stock Option Plans (ESOPs), increasing its paid-up share capital from ₹853,623,780 to ₹854,018,826. In parallel corporate activity, IIFL Capital Services Limited initiated an open offer process, filing a Pre-Offer Advertisement under SEBI Takeover Regulations. Market data as of November 6, 2026, shows the stock trading at ₹624.0 with a market capitalization of approximately ₹25,800 crore, reflecting a +3.2% gain over the preceding day.

- Board Meeting Scheduled: IIFL Finance’s Board will meet on November 10, 2026, to evaluate fund-raising options (debt, equity, or hybrid instruments); no specific amount or method has been approved yet.
- Capital Increase via ESOPs: The Nomination and Remuneration Committee approved the allotment of 1,97,523 shares on November 5, 2026, raising total paid-up shares from 426,811,890 to 427,009,413.
- Open Offer Initiation: IIFL Capital Services Limited filed a Pre-Offer Advertisement for a public open offer, marking a significant regulatory step under SEBI Takeover Regulations.
- Market Snapshot: As of November 6, 2026, IIFL closed at ₹624.0 (+3.2% daily return) with a market cap of ~₹25,800 crore; technical indicators show a bullish Supertrend direction.

- IIFL Capital Services Limited has informed the Exchange that Pre - Offer Advertisement in accordance with Regulation 18(7) of the SEBI (Substantial Acquisition of Share and Takeover) Regulation, 2011 and Corrigendum to the Detailed Public Statement for the Public Shareholders of IIFL Capital Services Limited |SUBJECT: Open Offer
- IIFL Finance Limited has informed the Exchange regarding Allotment of Equity Shares upon exercise of ESOPs. |SUBJECT: ESOP/ESOS/ESPS
- IIFL Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- Intimation under Regulation 50(1) |SUBJECT: Intimation under Regulation 50(1)
- IIFL Finance Limited has informed the Exchange about Board Meeting to be held on 10-Nov-2026 to consider Fund raising. |SUBJECT: Board Meeting Intimation

### What Changed

IIFL Finance has initiated a significant corporate action cycle aimed at capital expansion. On November 5, 2026, the company intimated that its Board of Directors will convene on November 10, 2026, to consider growth plans and proposals for fund raising. The potential instruments include debt issuance, rights issues, preferential allotments, qualified institutions placements (QIPs), or other permissible modes involving equity shares, warrants, or debt securities. This follows the recent allotment of 1,97,523 equity shares upon the exercise of Employee Stock Option Plans (ESOPs), which increased paid-up share capital from ₹853,623,780 to ₹854,018,826.

Concurrently, IIFL Capital Services Limited has issued a Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement regarding an Open Offer for its public shareholders, in compliance with SEBI takeover regulations. Market pricing reflects a shift in valuation, with the stock trading at ₹624.00 on November 6, 2026, up from ₹602.00 previously. The closure of the trading window for Designated Persons until 48 hours after the Board meeting underscores the sensitivity of the upcoming fundraising decisions.

- Board Meeting Scheduled: IIFL Finance’s Board meets on November 10, 2026, to consider fund raising via debt, rights issues, QIPs, or preferential allotments; no specific amount or mode has been finalized.
- Capital Increase: Paid-up share capital rose to ₹854,018,826 following the allotment of 1,97,523 ESOP shares approved on November 5, 2026.
- Open Offer Development: IIFL Capital Services Limited filed a Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement for an Open Offer under SEBI takeover regulations.
- Price Movement: The stock price increased to ₹624.00 on November 6, 2026, from a previous level of ₹602.00.

- [IIFL Capital Services Limited has informed the Exchange that Pre - Offer Advertisement in accordance with Regulation 18(7) of the SEBI (Substantial Acquisition of Share and Takeover) Regulation, 2011 and Corrigendum to the Detailed Public Statement for the Public Shareholders of IIFL Capital Services Limited |SUBJECT: Open Offer](https://nsearchives.nseindia.com/corporate/team_sandeshc_30102026114512_IIFL.zip)
- [IIFL Finance Limited has informed the Exchange regarding Allotment of Equity Shares upon exercise of ESOPs. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/IIFL_05112026192828_SE_ESOPIntimation.pdf)
- [IIFL Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2281_WebXMLFile_20261105_192757482.xml)
- [Intimation under Regulation 50(1) |SUBJECT: Intimation under Regulation 50(1)](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_05112026232936_SEIntimation_Final.pdf)
- [IIFL Finance Limited has informed the Exchange about Board Meeting to be held on 10-Nov-2026 to consider Fund raising. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2281_WebXMLFile_20261105_233804877.xml)

### Official Filings

IIFL Finance Limited has completed the redemption of two commercial paper series totaling ₹626.15 crore on November 2 and 3, 2026, reducing its short-term debt obligations. Concurrently, the company issued 1,97,523 equity shares to employees via ESOP exercises, increasing paid-up capital from ₹853.62 crore to ₹854.02 crore. A Board Meeting is scheduled for November 10, 2026, to consider growth plans and potential fund raising through various modes including debt or equity instruments; the specific amount and method remain unascertained. Additionally, IIFL Capital Services Limited has initiated an open offer process under SEBI takeover regulations, signaling a substantial acquisition event for that subsidiary.

- IIFL Finance redeemed ₹451.15 crore (ISIN INE530B14HH9) and ₹175.00 crore (ISIN INE530B14II5) in commercial papers on Nov 3 and Nov 2, 2026, respectively, bringing outstanding balances to zero.
- Paid-up share capital increased by ₹3,95,046 to ₹854,018,826 following the allotment of 1,97,523 ESOP shares approved on Nov 5, 2026.
- Board meeting on Nov 10, 2026, will consider fund raising proposals; trading window for Designated Persons is closed until 48 hours post-meeting.
- IIFL Capital Services Limited filed Pre-Offer Advertisement for an Open Offer under SEBI Takeover Regulations, indicating active acquisition proceedings for the subsidiary.

- [IIFL Capital Services Limited has informed the Exchange that Pre - Offer Advertisement in accordance with Regulation 18(7) of the SEBI (Substantial Acquisition of Share and Takeover) Regulation, 2011 and Corrigendum to the Detailed Public Statement for the Public Shareholders of IIFL Capital Services Limited |SUBJECT: Open Offer](https://nsearchives.nseindia.com/corporate/team_sandeshc_30102026114512_IIFL.zip)
- [IIFL Finance Limited has informed the Exchange regarding Allotment of Equity Shares upon exercise of ESOPs. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/IIFL_05112026192828_SE_ESOPIntimation.pdf)
- [IIFL Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2281_WebXMLFile_20261105_192757482.xml)
- [Intimation under Regulation 50(1) |SUBJECT: Intimation under Regulation 50(1)](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_05112026232936_SEIntimation_Final.pdf)
- [IIFL Finance Limited has informed the Exchange about Board Meeting to be held on 10-Nov-2026 to consider Fund raising. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2281_WebXMLFile_20261105_233804877.xml)
- [Board Meeting Intimation |Meeting Date: 10-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2281_WebXMLFile_20261105_233804877.xml)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_03112026171443_CP_Redemption_Intimation.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026182208_CPRedII5.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026185211_InterestPaymentPvt.pdf)

### Fundamentals

IIFL Finance demonstrates a robust expansion in lending activity and profitability for the September 2026 quarter. Revenue rose 28% year-on-year to ₹4,246 crore, while net profit surged to ₹805 crore, driven by a significant widening of the financing margin from 18% to 27%. This operational leverage is evident in the sequential improvement from Q1 FY2026-27, where net profit grew from ₹713.13 crore to ₹805.01 crore despite rising finance costs. The balance sheet reflects this aggressive growth: total assets expanded to ₹1,04,473.53 crore as of September 2026, with loans increasing to ₹84,173.26 crore. To fund this expansion, borrowings rose sharply to ₹48,223.31 crore, supported by an increase in debt securities to ₹29,942.76 crore. While cash flows from operating activities remain negative (-₹13,976 crore for Mar 2026), the company’s ability to generate strong net profits and maintain a healthy Return on Equity of 13% indicates effective capital deployment. Shareholding patterns show stable promoter holding at 24.76%, with Foreign Institutional Investors reducing their stake slightly to 25.63%.

- Profitability Surge: Net profit reached ₹805 crore in Sep 2026 (up from ₹418 crore YoY), supported by a financing margin expansion to 27% from 18%.
- Balance Sheet Growth: Total assets grew to ₹1,04,473.53 crore; loans increased to ₹84,173.26 crore, funded by borrowings rising to ₹48,223.31 crore.
- Operational Efficiency: Sequential net profit improved from ₹713.13 crore in Q1 to ₹805.01 crore in Q2 FY2026-27, even as impairment charges decreased to ₹280.81 crore.
- Capital Structure: Debt securities issued rose to ₹29,942.76 crore, indicating reliance on market funding to support loan book expansion.

### Bull Case

As of 6 November 2026, IIFL Finance presents a conditional upside case supported by strong momentum across multiple timeframes. The stock closed at ₹624.00, with the monthly Supertrend signaling a bullish trend and the Plus DI (29.7) significantly outpacing the Minus DI (14.19), indicating sustained buying pressure over the longer horizon. This structural strength is corroborated by a +37.1% return over the past six months and a +19.8% one-year gain, suggesting that despite a current -10.4% drawdown from recent highs, the underlying trend remains intact. The weekly timeframe also aligns with this view, showing a bullish Supertrend direction and a positive SMA 20 slope of 19.92. For investors, the key condition for this constructive interpretation is the maintenance of price above the immediate support level of ₹615.97; holding above this pivot would validate the continued bullish structure observed in both daily and monthly technical indicators.

- Monthly trend remains bullish with a Supertrend signal and a wide spread between Plus DI (29.7) and Minus DI (14.19), reflecting strong medium-term momentum.
- The stock has delivered a +37.1% return over the last six months and +19.8% over the past year, underscoring robust historical performance despite a current -10.4% drawdown.
- Weekly technicals reinforce the positive bias, featuring a bullish Supertrend direction and a steeply rising SMA 20 slope of 19.92.
- A critical monitoring condition is the defense of the ₹615.97 support level; breach of this level could invalidate the short-term bullish structure.

- [IIFL Capital Services Limited has informed the Exchange that Pre - Offer Advertisement in accordance with Regulation 18(7) of the SEBI (Substantial Acquisition of Share and Takeover) Regulation, 2011 and Corrigendum to the Detailed Public Statement for the Public Shareholders of IIFL Capital Services Limited |SUBJECT: Open Offer](https://nsearchives.nseindia.com/corporate/team_sandeshc_30102026114512_IIFL.zip)
- [IIFL Finance Limited has informed the Exchange regarding Allotment of Equity Shares upon exercise of ESOPs. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/IIFL_05112026192828_SE_ESOPIntimation.pdf)
- [IIFL Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2281_WebXMLFile_20261105_192757482.xml)
- [Intimation under Regulation 50(1) |SUBJECT: Intimation under Regulation 50(1)](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_05112026232936_SEIntimation_Final.pdf)
- [IIFL Finance Limited has informed the Exchange about Board Meeting to be held on 10-Nov-2026 to consider Fund raising. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2281_WebXMLFile_20261105_233804877.xml)
- [Board Meeting Intimation |Meeting Date: 10-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2281_WebXMLFile_20261105_233804877.xml)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_03112026171443_CP_Redemption_Intimation.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026182208_CPRedII5.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026185211_InterestPaymentPvt.pdf)

### Bear Case

As of November 6, 2026, IIFL Finance (NSE) exhibits significant volatility and recent price weakness despite a longer-term bullish technical structure. The stock is currently trading at ₹624.00, reflecting a year-to-date return of just +0.6% and a current drawdown of -10.4% from its peak. While the monthly trend remains bullish with an ADX of 49.34, daily momentum indicators show divergence: the 20-day Simple Moving Average (SMA) slope has turned negative at -2.66, and the 50-day SMA slope is sharply down at -8.18 over the last five periods. This suggests short-term selling pressure is overriding the broader uptrend. The stock faces immediate resistance near ₹627.43 (0.55% above), limiting upside potential in the near term. With annualized volatility at +41.6% and a maximum historical drawdown of -37.0%, the equity carries elevated risk. Investors should monitor whether the price can sustain levels above the pivot support at ₹599.63 (-3.90%) to prevent further erosion toward the low support at ₹588.17.

- Current drawdown stands at -10.4% with YTD returns flat at +0.6%, indicating recent underperformance relative to higher long-term gains (+19.8% over 1 year).
- Daily moving averages show deteriorating short-term momentum: 20-day SMA slope is -2.66 and 50-day SMA slope is -8.18, contrasting with the bullish monthly Supertrend.
- Immediate resistance is tight at ₹627.43 (0.55% above current price), while key pivot support rests at ₹599.63; a break below this level could expose prices to ₹588.17.
- High volatility persists with annualized volatility at +41.6% and average true range (ATR) at 4.57%, signaling substantial price fluctuation risk.

- [IIFL Capital Services Limited has informed the Exchange that Pre - Offer Advertisement in accordance with Regulation 18(7) of the SEBI (Substantial Acquisition of Share and Takeover) Regulation, 2011 and Corrigendum to the Detailed Public Statement for the Public Shareholders of IIFL Capital Services Limited |SUBJECT: Open Offer](https://nsearchives.nseindia.com/corporate/team_sandeshc_30102026114512_IIFL.zip)
- [IIFL Finance Limited has informed the Exchange regarding Allotment of Equity Shares upon exercise of ESOPs. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/IIFL_05112026192828_SE_ESOPIntimation.pdf)
- [IIFL Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2281_WebXMLFile_20261105_192757482.xml)
- [Intimation under Regulation 50(1) |SUBJECT: Intimation under Regulation 50(1)](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_05112026232936_SEIntimation_Final.pdf)
- [IIFL Finance Limited has informed the Exchange about Board Meeting to be held on 10-Nov-2026 to consider Fund raising. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2281_WebXMLFile_20261105_233804877.xml)
- [Board Meeting Intimation |Meeting Date: 10-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2281_WebXMLFile_20261105_233804877.xml)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_03112026171443_CP_Redemption_Intimation.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026182208_CPRedII5.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026185211_InterestPaymentPvt.pdf)

### FAQs

**What corporate actions is IIFL Finance undertaking in November 2026?**

IIFL Finance’s Board will meet on November 10, 2026, to consider growth plans and a proposal to raise funds. The mode of raising funds is yet to be ascertained, with potential methods including debt issuance, rights issues, preferential issues, or qualified institutions placements. Additionally, the company recently allotted 1,97,523 equity shares upon ESOP exercise, increasing its paid-up share capital from ₹853,623,780 to ₹854,018,826.

**Is there any significant regulatory activity involving related entities?**

Yes. On November 5, 2026, IIFL Capital Services Limited informed the NSE about a Pre-Offer Advertisement for an Open Offer under SEBI Takeover Regulations. This filing relates to substantial acquisition of shares and includes a Corrigendum to the Detailed Public Statement for public shareholders of IIFL Capital Services Limited.

**How has the stock performed recently and what are the key technical levels?**

As of November 6, 2026, IIFL closed at ₹624.00, up +3.2% from the previous close. The stock has gained +19.8% over the past year and +37.1% over six months. Technical indicators show a bullish monthly trend with strong momentum (ADX 49.34). Immediate resistance lies near ₹627.43–₹628.50, while support is observed around ₹615.97 and ₹599.63.

- [IIFL Capital Services Limited has informed the Exchange that Pre - Offer Advertisement in accordance with Regulation 18(7) of the SEBI (Substantial Acquisition of Share and Takeover) Regulation, 2011 and Corrigendum to the Detailed Public Statement for the Public Shareholders of IIFL Capital Services Limited |SUBJECT: Open Offer](https://nsearchives.nseindia.com/corporate/team_sandeshc_30102026114512_IIFL.zip)
- [IIFL Finance Limited has informed the Exchange regarding Allotment of Equity Shares upon exercise of ESOPs. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/IIFL_05112026192828_SE_ESOPIntimation.pdf)
- [IIFL Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2281_WebXMLFile_20261105_192757482.xml)
- [Intimation under Regulation 50(1) |SUBJECT: Intimation under Regulation 50(1)](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_05112026232936_SEIntimation_Final.pdf)
- [IIFL Finance Limited has informed the Exchange about Board Meeting to be held on 10-Nov-2026 to consider Fund raising. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2281_WebXMLFile_20261105_233804877.xml)
- [Board Meeting Intimation |Meeting Date: 10-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2281_WebXMLFile_20261105_233804877.xml)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_03112026171443_CP_Redemption_Intimation.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026182208_CPRedII5.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026185211_InterestPaymentPvt.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹599.63
- Risk regime: Higher Price Risk

### Support levels
- 546.88125
- 517.2015625
- 470.625

### Resistance levels
- 628.5
- 639.95
- 654.45

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +3.23% |
| return_10 | +17.37% |
| return_1m | +3.71% |
| return_1y | +19.83% |
| return_20 | +7.74% |
| return_3m | +2.40% |
| return_5 | +18.26% |
| return_6m | +37.08% |
| return_since_start | +49.19% |
| return_ytd | +0.57% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -36.95% |
| annualized_volatility | +41.62% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# IIFL Finance Q2 FY2026-27 Results

IIFL Finance reported consolidated profit before tax of ₹1,073.67 crore for the quarter ended 30 September 2026, up 15.6% sequentially and 92.9% year on year. Profit for the period rose 12.9% quarter on quarter and 92.6% year on year to ₹805.01 crore. Interest income and the loan book expanded, while impairment charges declined; finance costs increased faster than interest income sequentially.

## Interest income drives revenue growth

Interest earned was ₹4,069.38 crore, up 9.3% from the June quarter and 44.3% from the September 2025 quarter. Revenue from operations rose 8.4% sequentially and 28.5% year on year to ₹4,246.45 crore. Total income was ₹4,248.21 crore, up 8.3% quarter on quarter and 28.4% year on year.

Other revenue from operations fell to ₹28 crore from ₹74.92 crore in the June quarter and ₹354.33 crore a year earlier. Fees and commission income was ₹149.06 crore. The increase in interest earned more than offset the decline in other operating revenue, leaving lending income as the principal contributor to revenue growth.

## Funding costs and expenses

Finance costs rose to ₹1,908.64 crore, up 11.0% sequentially and 38.1% year on year. Borrowings stood at ₹48,223.31 crore as of 30 September, compared with ₹43,098.95 crore at 30 June. Debt securities increased to ₹29,942.76 crore from ₹20,747.97 crore over the same period. The larger funding balances coincided with higher finance costs; sequentially, finance costs grew faster than interest earned.

Total expenses were ₹3,174.54 crore, up 6.1% from the June quarter and 15.3% year on year. Other expenses increased to ₹347.37 crore from ₹287.65 crore sequentially. Employee benefit expense was ₹573.75 crore.

## Lower impairment charges support earnings

Impairment on financial instruments declined to ₹280.81 crore from ₹294.19 crore in the June quarter and ₹500.34 crore a year earlier. The lower charge accompanied the increase in profit before tax.

## Profit and earnings per share

Profit for the period was ₹805.01 crore, compared with ₹713.13 crore in the June quarter and ₹417.94 crore in the September 2025 quarter. Tax expense was ₹268.66 crore, up from ₹215.51 crore sequentially and ₹138.75 crore a year earlier.

Basic EPS from continuing operations was ₹18.00, versus ₹15.87 in the June quarter and ₹8.86 a year earlier. Diluted EPS was ₹17.90, compared with ₹15.78 and ₹8.80, respectively. Comprehensive income for the period was ₹825.38 crore, including other comprehensive income of ₹20.37 crore.

## Loan book and balance sheet

Total assets stood at ₹1,04,473.53 crore as of 30 September, up 17.3% from 30 June. Loans increased 18.7% over the quarter to ₹84,173.26 crore, while investments rose 1.5% to ₹6,182.95 crore.

Cash and cash equivalents were ₹5,379.84 crore, compared with ₹3,328.23 crore at 30 June. Equity attributable to owners of the parent increased 10.9% over the quarter to ₹15,432.49 crore.

## Management Commentary

Management attributes the quarter's growth mainly to gold loans, where AUM reached ₹65,729 crore, up 90% year on year and 13% quarter on quarter, and which it describes as the primary growth driver. Gold loan yields improved 15 basis points sequentially, while GNPA stood at 1.5%, down 66 basis points year on year, and NNPA was 0.9%. Management also emphasises a strategy centred on secured lending, co-lending partnerships and off-book distribution, which it says supports capital-efficient growth alongside lending-income expansion.

## Key Takeaway
The quarter combined rapid loan-book and interest-income growth with substantially higher year-on-year earnings and lower impairment charges. Sequentially, however, finance costs rose faster than interest earned, as borrowings and debt securities increased. The interaction between funding-cost growth, lending-income growth and impairment charges will remain important to earnings as the balance sheet expands.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +24.76%
- FII holding: +25.63%
- DII holding: +7.85%
- Mutual fund holding: +3.66%
- Retail holding: +10.93%
- Promoter pledged: +0.00%

### Major reported shareholders

- FIH Mauritius Investments Limited — +13.64%
- Nirmal Bhanwarlal Jain — +12.52%
- Parajia Bharat Himatlal — +4.65%
- Bank Muscat India Fund — +3.28%
- Madhu N Jain — +3.17%
- Venkataraman Rajamani — +2.88%
- Theleme India Master Fund Limited — +2.79%
- Mansukhlal Jain and Pritesh Ashwin Mehta — +2.60%
- Aditi Avinash Athavankar — +2.34%
- Smallcap World Fund Inc — +1.86%

## Official filings

- 2026-11-06 — Credit Rating Update: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IIFL_06112026183137_Intimation_CR_Crisil.pdf)
- 2026-11-06 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_06112026183416_Intimation_CR_Crisil.pdf)
- 2026-11-05 — Generic Announcement: IIFL Capital Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/team_sandeshc_30102026114512_IIFL.zip)
- 2026-11-05 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IIFL_05112026192828_SE_ESOPIntimation.pdf)
- 2026-11-05 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2281_WebXMLFile_20261105_192757482.xml)
- 2026-11-05 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_05112026232936_SEIntimation_Final.pdf)
- 2026-11-05 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2281_WebXMLFile_20261105_233804877.xml)
- 2026-11-05 — Board Meeting Notice: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2281_WebXMLFile_20261105_233804877.xml)
- 2026-11-03 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_03112026171443_CP_Redemption_Intimation.pdf)
- 2026-11-02 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026182208_CPRedII5.pdf)
- 2026-11-02 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026185211_InterestPaymentPvt.pdf)
- 2026-11-02 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026185211_InterestPaymentPvt.pdf)
- 2026-11-02 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026185922_InterestPaymentPub.pdf)
- 2026-11-02 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026185922_InterestPaymentPub.pdf)
- 2026-11-02 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026185922_InterestPaymentPub.pdf)
- 2026-11-02 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026185922_InterestPaymentPub.pdf)
- 2026-11-02 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_02112026185922_InterestPaymentPub.pdf)
- 2026-10-30 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_30102026175013_InterestPaymentPvt_8227.pdf)
- 2026-10-26 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_26102026144043_CP_Redemption_Intimation.pdf)
- 2026-10-26 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_26102026163251_Record_date_Intimation_CP.pdf)
- 2026-10-26 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_26102026163251_Record_date_Intimation_CP.pdf)
- 2026-10-26 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_26102026163251_Record_date_Intimation_CP.pdf)
- 2026-10-26 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_26102026163251_Record_date_Intimation_CP.pdf)
- 2026-10-25 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IIFL_25102026201301_SEIntimation.pdf)
- 2026-10-25 — Generic Announcement: IIFL Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IIFL_25102026201038_SEIntimation.pdf)

## News and market events

- 2026-11-07 — Mint: **Diwali 2026 Muhurat Trading Stocks: HDFC Sec lists BPCL, HCL Tech, Zensar, and more to buy for Nov 8- targets, stop loss** — HDFC Securities has released a technical stock report for Diwali 2026 Muhurat Trading, identifying six picks across the oil and gas, IT, financial services, steel, and credit sectors. The brokerage forecasts potential upside of 19% to 28% for BPCL, HCL Technologies, IIFL Finance, JSW Steel, Satin Creditcare, and Zensar Technologies by the next Diwali, providing specific entry ranges, price targets, and stop-loss levels. HDFC Securities cautioned that these recommendations should not be the sole basis for investment decisions. — [Source](https://www.livemint.com/market/stock-market-news/diwali-2026-muhurat-trading-stocks-hdfc-sec-lists-bpcl-hcl-tech-zensar-and-more-to-buy-for-nov-8-targets-stop-loss-11794042906368.html)
- 2026-11-06 — BUSINESS: **Best-ever Samvat for IPOs: Record ₹2.23 trillion raised, up 19.6%** — India's primary market raised a record ₹2.23 trillion through 375 IPOs in Samvat 2082, marking a 19.6% increase from the previous year, with mainboard issues accounting for ₹2.12 trillion and SME offerings for the remainder. The period saw significant fresh capital inflows of ₹1 trillion, driven by major listings such as Jio Platforms, while domestic liquidity absorbed large issuances despite foreign institutional outflows. Market performance varied widely, with median listing-day gains of 6.8% for mainboard issues and a median loss of 3.9% for SMEs, as investors increasingly differentiated co — [Source](https://www.business-standard.com/markets/ipo/best-ever-samvat-for-ipos-record-2-23-trillion-raised-up-19-6-126110601904_1.html)
- 2026-10-21 — Mint: **Gold loan boom brings early stress signals for NBFCs | Today News** — While Bajaj Finance has seen stress in asset quality from short-tenure gold loans, Piramal Finance warned that a significant share of industry disbursements has gone to borrowers with a history of serious delinquencies. — [Source](https://www.livemint.com/news/gold-loan-stress-nbfc-piramal-bajaj-finance-precious-metal-11792580129138.html)
- 2026-10-19 — Economic Times: **IIFL Finance plans to raise ₹2,500-5,000 crore by selling stake amid Fairfax exit rumors** — IIFL Finance is intending to raise ₹2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to limit dilution. Fairfax Financial Holdings is likely to sell its stake due to regulatory norms. IIFL aims to enhance its capital position amid evolving market conditions. These measures are expected to create synergies for IIFL Capital as part of IDBI Bank. — [Source](https://cfo.economictimes.indiatimes.com/news/corporate-finance/iifl-finance-plans-to-raise-2500-5000-crore-by-selling-stake-amid-fairfax-exit-rumors/135037631)
- 2026-10-19 — Economic Times: **IIFL Finance plans to raise ₹2,500-5,000 crore by selling stake amid Fairfax exit rumors** — IIFL Finance is intending to raise ₹2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to limit dilution. Fairfax Financial Holdings is likely to sell its stake due to regulatory norms. IIFL aims to enhance its capital position amid evolving market conditions. These measures are expected to create synergies for IIFL Capital as part of IDBI Bank. — [Source](https://economictimes.indiatimes.com/markets/expert-view/iifl-finance-plans-to-raise-2500-5000-crore-by-selling-stake-amid-fairfax-exit-rumors/articleshow/135037342.cms)
- 2026-10-18 — Economic Times: **IIFL Finance plans to raise ₹2,500-5,000 crore by selling stake amid Fairfax exit rumors** — IIFL Finance is intending to raise ₹2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to limit dilution. Fairfax Financial Holdings is likely to sell its stake due to regulatory norms. IIFL aims to enhance its capital position amid evolving market conditions. These measures are expected to create synergies for IIFL Capital as part of IDBI Bank. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/iifl-finance-plans-to-raise-2500-5000-crore-by-selling-stake-amid-fairfax-exit-rumors/articleshow/135034841.cms)
- 2026-09-29 — CNBC-TV18: **Explained - Why JPMorgan choses these two NBFCs as its top picks** — JPMorgan said NBFCs continue to gain market share in both the housing finance and gold loan segments. On asset quality, the brokerage said conditions remain strong, with risks largely limited to the micro-loan against property (micro-LAP) segment. — [Source](https://www.cnbctv18.com/market/pnb-housing-iifl-finance-shares-explained-why-jpmorgan-choses-these-two-nbfcs-as-top-picks-20000631.htm)
- 2026-09-22 — Economic Times: **Beyond NSE IPO buzz: MSEI, CSE unlisted shares rally up to 108% in 2026** — This year has seen a remarkable surge in unlisted shares, particularly with MSEI, witnessing a staggering rise of approximately 108% year-to-date in the unlisted market. Simultaneously, CSE shares have gained momentum, echoing the trend amidst increasing investor interest in smaller exchanges following the NSE IPO filing. Factors such as revival plans and enhanced broker integrations are fueling this noteworthy shift. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/beyond-nse-ipo-buzz-msei-cse-unlisted-shares-rally-up-to-108-in-2026/articleshow/134401651.cms)
- 2026-09-21 — NEWS.WEBINDIA123.COM: **Supporting PM Modi's call, IIFL Finance's Mayank Sharma believes recycling household gold is the fastest way to cut import bill** — PRNewswire — [Source](https://news.webindia123.com/news/articles/business/20260921/4501455.html)
- 2026-09-17 — Economic Times: **Credit where credit's due: India's tokenised bonds must now open the door to global capital - The Economic Times** — India's pilot tokenised bond issuance successfully settled transactions on a distributed ledger. This innovation improved issuance efficiency and removed settlement risks for domestic investors. Tokenisation offers potential for broader foreign capital access to Indian credit markets. Global investors could hold Indian assets alongside other international debt instruments. This upgrade aims to integrate Indian credit into global capital workflows. — [Source](https://economictimes.indiatimes.com/opinion/et-commentary/credit-where-credits-due-indias-tokenised-bonds-must-now-open-the-door-to-global-capital/articleshow/134318332.cms)
- 2026-09-16 — Economic Times: **IIFL Finance Becomes First Non-PSU NBFC to Execute ₹25 Crores Tokenised Bond Transaction** — IIFL Finance made a significant stride in India's financial landscape by completing a tokenised bond transaction valued at twenty-five crores on the Metropolitan Stock Exchange of India. This unprecedented deal was facilitated under the Securities and Exchange Board of India's Regulatory Sandbox framework, with Trust Investment Advisors Private Limited acting as the sole arranger and advisor. — [Source](https://cfo.economictimes.indiatimes.com/news/strategy-operations/iifl-finance-becomes-first-non-psu-nbfc-to-execute-25-crores-tokenised-bond-transaction/134283756)
- 2026-09-16 — Mint: **Tokenized bonds pass the launch test. The real challenge starts now** — Three companies have already launched tokenized corporate bonds under Sebi's Demat 2.0. However, the real success hinges on whether a big enough secondary market develops, and whether a financing ecosystem evolves alongside. — [Source](https://www.livemint.com/market/bonds/tokenized-bonds-india-rec-lt-iifl-finance-11789443601058.html)
- 2026-09-15 — The Hindu: **IIFL Finance Becomes First Non-PSU NBFC to Execute ₹25 Crores Tokenised Bond Transaction** — IIFL Finance Becomes First Non-PSU NBFC to Execute ₹25 Crores Tokenised Bond Transaction — [Source](https://www.thehindubusinessline.com/brandhub/pr-release/iifl-finance-becomes-first-non-psu-nbfc-to-execute-25-crores-tokenised-bond-transaction/article71468098.ece)
- 2026-09-15 — The Hindu: **IIFL Finance Becomes First Non-PSU NBFC to Execute ₹25 Crores Tokenised Bond Transaction** — IIFL Finance Becomes First Non-PSU NBFC to Execute ₹25 Crores Tokenised Bond Transaction — [Source](https://www.thehindu.com/brandhub/pr-release/iifl-finance-becomes-first-non-psu-nbfc-to-execute-25-crores-tokenised-bond-transaction/article71468096.ece)
- 2026-09-15 — The Hindu: **Maharashtra’s DELTA bet to tokenise India’s vast RWAs** — Maharashtra's DELTA Act aims to tokenize real-world assets, transforming India's digital economy and enhancing financial innovation. — [Source](https://www.thehindu.com/business/maharashtras-delta-bet-to-tokenise-indias-vast-rwas/article71466844.ece)
- 2026-09-15 — MONEYCONTROL: **MFs raise healthcare, capital goods allocation in August; consumer weight hits decade low** — MF holding, August — [Source](https://www.moneycontrol.com/news/business/mfs-raise-healthcare-capital-goods-allocation-in-august-consumer-weight-hits-decade-low-14029813.html)
- 2026-09-11 — Economic Times: **Advent, Temasek in talks for Fairfax stake in IIFL Fin** — Advent International and Temasek Holdings are reportedly in talks to acquire Fairfax Financial's stake. Fairfax is looking to exit IIFL Finance as part of its IDBI Bank acquisition plan. This stake sale will help Fairfax comply with regulations and fund the IDBI Bank buyout. Fairfax currently holds a significant stake in IIFL Finance, which is valued at approximately ₹3,500 crore. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/advent-temasek-in-talks-for-fairfax-stake-in-iifl-fin/articleshow/134027143.cms)
- 2026-09-11 — MONEYCONTROL: **MSE's Electronic Bond Platform enables tokenised corporate bond issuance under SEBI Demat 2.0 pilot** — MSE, EBP, Electronic Bond Platform — [Source](https://www.moneycontrol.com/news/business/markets/mse-s-electronic-bond-platform-enables-tokenised-corporate-bond-issuance-under-sebi-demat-2-0-pilot-14028113.html)
- 2026-09-11 — Economic Times: **Advent, Temasek in talks for Fairfax stake in IIFL Fin** — Advent International and Temasek Holdings are reportedly in talks to acquire Fairfax Financial's stake. Fairfax is looking to exit IIFL Finance as part of its IDBI Bank acquisition plan. This stake sale will help Fairfax comply with regulations and fund the IDBI Bank buyout. Fairfax currently holds a significant stake in IIFL Finance, which is valued at approximately ₹3,500 crore. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/advent-temasek-in-talks-for-fairfax-stake-in-iifl-fin/articleshow/134037082.cms)
- 2026-09-09 — Economic Times: **IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank deal** — IIFL Finance denied reports of Fairfax exiting the company.  These reports suggested a stake sale to fund an IDBI Bank acquisition.  Blackstone is reportedly in talks with Fairfax for this stake.  This potential deal comes as India's financial sector attracts acquisitions.  Blackstone previously invested in Federal Bank last year. — [Source](https://cfo.economictimes.indiatimes.com/news/strategy-operations/iifl-finance-dismisses-reports-on-fairfax-planning-company-exit-to-fund-idbi-bank-deal/133956932)
- 2026-09-09 — BUSINESSTODAY: **IIFL Finance shares fall 3%; company denies Fairfax exit report** — IIFL Finance, Fairfax Financial Holdings, Prem Watsa, IDBI Bank, CSB Bank, IIFL Capital Services, Blackstone, IIFL Finance share price, Fairfax IIFL Finance stake, IDBI Bank acquisition — [Source](https://www.businesstoday.in/markets/stocks/story/iifl-finance-shares-fall-3-company-denies-fairfax-exit-report-554190-2026-09-09)
- 2026-09-09 — Mint: **Stocks to buy: Apollo Micro Systems, BHEL among 5 shares Bajaj Broking's expert recommends for 1 to 6 months** — Stocks to buy: As the Nifty faces headwinds, Bajaj Broking’s technical analyst Pabitro Mukherjee offers strategic stock recommendations for the next one to six months. Discover the five stocks poised for growth, with their target prices. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-buy-apollo-micro-systems-bhel-among-5-shares-bajaj-brokings-expert-recommends-for-1-to-6-months-11788869891710.html)
- 2026-09-08 — Economic Times: **IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closer** — IDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings’ reported Rs 81-per-share offer for a 60.72% controlling stake. The proposed Rs 53,000-crore deal and potential CSB Bank merger are key developments for investors. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/idbi-bank-shares-crash-11-amid-price-concerns-as-fairfax-deal-moves-closer/articleshow/133918985.cms)
- 2026-09-08 — Economic Times: **Fairfax plans IIFL Finance exit to fund IDBI Bank bid** — Fairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the proposed takeover of the state-owned lender. Fairfax intends to merge CSB Bank with IDBI Bank after completing the acquisition. This move aims to simplify lending interests and avoid business overlaps. The deal is expected to be completed shortly after procedural steps. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/fairfax-plans-iifl-finance-exit-to-fund-idbi-bank-bid/articleshow/133901939.cms)
- 2026-09-07 — Times of India: **Blackstone in fray to acquire IIFL Fin stake** — International Business News: Blackstone Inc is among global investment firms in the fray to buy a stake in IIFL Finance, just as Fairfax Financial Holdings looks to exit from the . — [Source](https://timesofindia.indiatimes.com/business/international-business/blackstone-in-fray-to-acquire-iifl-fin-stake/articleshow/133896265.cms)

## Business profile

**Strategic vision:** Provides diverse financial services and loans to retail and corporate clients.

### Business segments
- **IIFL Home Finance Limited:** Focuses on housing finance, offering affordable home loans, small ticket-sized home loans, secured MSME Loans, and project loans.
- **IIFL Samasta Finance Limited:** Operates as a NBFC-MFI, specializing in microfinance services primarily to women organized into Joint Liability Groups.
- **IIFL Open Fintech Private Limited:** Delivers digital services to MSMEs, aiding them in enhancing digital sales, securing lending, managing investments, and accessing wealth management services.
- **Corporate and Capital Market Finance:** Offers business loans against property, financing for medium & small enterprises, developer & construction finance, and capital market finance.

### Competitive strengths
- Extensive branch network across India
- Proprietary technology and digital innovations
- Robust balance sheet
- Strong brand recognition
- Dedicated management team

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/iifl
Markdown representation: https://faxioms.com/stocks/iifl?render=md